Secure Accommodation Limited
Secure Accommodation Limited
Registered number: 4239597
Unaudited Financial Statements
For The Year Ended 31 March 2018
Gill & Company
19 Ravensthorpe Road
Wigston
Leicesteshire
LE18 3QX
Secure Accommodation Limited
Unaudited Financial Statements
For The Year Ended 31 March 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Secure Accommodation Limited
Balance Sheet
As at
31 March 2018
Balance Sheet
Registered number:
4239597
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 7 |
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| CURRENT ASSETS | |||||
| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 10 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 11 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 13 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 14 |
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| Share premium account |
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| Revaluation reserve | 16 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 4,671,289 | 4,186,076 | |||
Page 1
Secure Accommodation Limited
Balance Sheet (continued)
As at
31 March 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Secure Accommodation Limited
Notes to the Financial Statements
For The Year Ended 31 March 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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1.4.
Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
1.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2018 | 2017 | ||
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| Office and administration |
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Page 3
Secure Accommodation Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
7.
Tangible Assets
| Investment Properties | Motor Vehicles | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions | - |
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| Revaluation | 308,383 | - |
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| Depreciation | |||
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| Provided during the period | - |
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| Net Book Value | |||
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8.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Directors' loan accounts | 166,275 | 159,114 | |
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9.
Current Asset Investments
10.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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Page 4
Secure Accommodation Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
11.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans |
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Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans and overdrafts | 3,264,518 | 3,335,129 |
12.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 3,367,694 | 3,411,957 |
13.
Deferred Taxation
The provision for deferred taxation is made up of unrealised gains on revaluation of investment properties and accelerated capital allowances on fixed assets.
| 2018 | 2017 | ||
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| £ | £ | ||
| Deferred tax |
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15.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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| £ | £ | £ | £ | £ | |
| Mr Mohammed Asghar |
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The above loan is unsecured, interest is charged at the official rate of interest and repayable on demand.
Page 5
Secure Accommodation Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
16.
Reserves
| Revaluation Reserve | |
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| £ | |
| As at |
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| Net investment property revaluation reserve |
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17.
Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of his ownership of 100% of the issued share capital in the company.
18.
General Information
Secure Accommodation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4239597 . The registered office is 1 Westholme Gardens, Aspley, Nottingham, Nottinghamshire, NG8 3NY.
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